Verus Mortgage Capital · 23 hours ago
Vice President of Asset Management
Bloomington, MN
Full-time
Hybrid
Senior Level, Lead/Staff
$175K/yr - $190K/yr
10+ years expVerus Mortgage Capital is an independent national mortgage investor, and they are seeking a seasoned and strategic Vice President of Asset Management to lead their delinquent loan portfolio. This role involves overseeing portfolio performance, focusing on delinquency reduction, loss minimization, and cash flow optimization while collaborating with various internal stakeholders and third-party servicers.
AccountingBankingFinancial ServicesLendingMortgage
Responsibilities
Provide leadership and direction to a team of Asset Managers, setting clear expectations for portfolio ownership, decision-making, and execution quality
Build, lead, and develop a high-performing asset management team through coaching, performance management, and succession planning
Lead asset management strategy across servicing functions including Customer Engagement, Loss Mitigation, Foreclosure, Bankruptcy, REO, and Litigation
Oversee third-party sub-servicers to ensure portfolio performance objectives are achieved, including delinquency reduction, loss minimization, and cash flow optimization
Analyze portfolio trends and performance drivers; partner with sub-servicers to identify interventions that optimize outcomes and reduce risk
Establish clear decision rights, escalation frameworks, and accountability models across asset management activities
Oversee performance metrics, dashboards, and reporting to guide asset-level and portfolio-level decisions
Apply analytical rigor and sound judgment to complex asset decisions, including scenario evaluation and trade-off analysis
Continuously evaluate asset management and servicing processes to identify inefficiencies, risks, and improvement opportunities
Implement scalable approaches that improve execution consistency, reduce volatility, and support long-term portfolio performance
Identify servicing, operational, and compliance risks and implement durable solutions
Maintain and govern delegation authority matrices and loss mitigation waterfalls to ensure consistency and compliance
Partner closely with executive leadership to present portfolio insights, risks, and strategic recommendations
Collaborate with Legal, Finance, Capital Markets, Servicing Operations, and other internal stakeholders to align asset management strategy with broader business objectives
Translate complex data and portfolio dynamics into clear, actionable recommendations for senior leaders
Qualification
Required
Bachelor's degree required; advanced degree preferred
10+ years of experience in asset management, servicing oversight, or related disciplines
Demonstrated experience managing and influencing third-party servicers
Proven people leadership experience, including leading and developing teams
Advanced Excel proficiency; SQL or similar data tools strongly preferred
Benefits
Great compensation package, including competitive base pay
Discretionary annual bonus opportunity
Attractive benefits plans and paid time off, including sick time
401(k) with company matching
Professional learning and development opportunities
Tuition reimbursement
And much more!
Company
Verus Mortgage Capital
Verus is a mortgage investor filling the credit void in today’s mortgage market, acquires responsible non-agency mortgage loans.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Dane Smith
President
Recent News
2025-03-10
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